A $6BN Divorce With No Prenup + Kendall Jenner's Investing Playbook

0:28Coming up in today's episode, we're talking about Lulu Lemon. celebrities buying to private companies. This is The Curve Weekly, where we read the finance news so that you don't have to. I'm Sophie Hallwright, ex-TV and radio producer, who is sick and tired of not understanding money, investing, the economy, so we started this podcast. And today, Vic Harris is back in the hot seat. She's going to tell us everything that we need to know about today's finance news. But first, we've got a quick word from today's sponsor.

0:52If KiwiSaver has been on your, I should probably sort that out list, for years, this is your sign. Book a no-cost KiwiSaver advice session with a Generate advisor by using the link in our show notes. And thank you so much to Generate for sponsoring this episode of The Curve Weekly. So, Soph's got a new dress on. Oh God, this is a disaster. If you can't see, you should. No, don't watch. Okay, this is so bad. So I got a new dress that I wore to dinner last night with no bra, thinking it was completely fine. Like basically for anyone that's not looking, it's like a see-through dress, but there's flowers over all the important areas on the model.

1:35So when I looked at the photo, I thought perfect. Perfect. It's covering your hair. I love that there's something see-through where they've thought about the fact that it always ruins what it looks like when you have to wear a bra and underwear under it. Yeah. So I bought it thinking stunning. And I just came in and everyone was like, I can see your nipples. So she's going to sit cross-legged. So I'm going to sit cross-arm the entire record. Cross-arm and cross-legged. Yeah, it's so awkward. I'm just going to sit here the entire recording looking really upset like I want to leave. She's not though.

2:01I'm not. She's just trying to cover her private butt. I just really would love to save you all from my nipples. So apologies. Maybe you should have worn some active wear just for this next segment. Might have been a better idea. I mean like I would have worn anything except the stress if I'm being honest. I would have. I would definitely. I mean I also side note. I'm seeing lots of people wear like Lululemon shorts or just hot pants. Is pants at the moment? Are you seeing that? No. Oh, okay, maybe it's not cool. I was wanting to ask you. Is this like a cool trend that I need to... I love that you want to ask me.

2:30Yeah, I know, because you're always ahead of the curve. Oh, see what I did there? Well, there is a big divorce going on with the Lululemon founder, Chip Wilson. We've spoken about him before. Yeah, we have. There was a bit of an uproar on the board. He wanted to bring in a different CEO that's coming in, and the board didn't, and there was a bit of a revolt going on. But he's now in the news again because he's divorcing his wife and they've been together for over 20 years. So I would like to ask the way you worded that, he is divorcing his wife. Sorry. They are separating. Right. They are divorcing.

3:06You stand corrected. Because the way you said it made me think it sounded like he wants you to divorce and she wants nothing to do with it. And I'm sorry. That is how it has been portrayed in the media. And I have just parroted that. So you're right. We have no idea who's divorcing who, but they are divorcing. And the key issue here is, drumroll. Oh, God, not a bloody, someone didn't have a prenup. Yes, there is no prenup. There is no prenatal agreement. No way. Okay, wait. So for context, he is 71. Yep. She's 52. Yep. They got married in 2002. Yes. What I will say, 2002, were people talking about prenups?

3:52I don't know. No. Well, also, Lululemon had only just started. It was four years old. And she actually helped create that business. Of course she did. Yeah. This is not good. He has a stake. He has about a 9 % stake in Lululemon. So that's close to about a billion dollars. Their entire fortune is worth over$6 billion. So we're not talking small numbers here. This is going to be an interesting thing to see what happens in terms of how they split that$6 billion. Can we backtrack? Where did they get married? Because Lululemon is a Canadian company. It's a Canadian business, yes. So do you think they got married there?

4:37Yes. So they got married in Canada. So Canadian law comes into it. but Shannon is her name and she has about 1 % of Lululemon shares so it's about 100 million he's got about 9 % so she owns about a tenth of what he does does she work in it officially and that's why she has shares or so she was one of Lululemon's first employees so they're calling her like the founding lead designer huge yeah exactly and this is when the brand was literally nothing. She's also gone on to start kind of apparel brands, Kitten Ace. I don't know if you've heard any of it. It's like she was integral in the start of it and probably less so in the later years.

5:22But what I don't understand is if she was an early employee and now has 1%, because I would imagine if this was a case where there's no prenup and she was under the assumption that everything was going to be shared when they divorced, that she wouldn't have any shares in Her name? We spoke about this with the new Apple CEO coming in last week. When you are CEO, part of that's paid as a salary and part of it's stock. So that will grow over time. So maybe that's a function of how he has nearly 9%. Maybe she sold down over time. Maybe it was in a joint. I don't know. I don't know the specifics, but they've also got an 18 % stake in a Finnish sportswear company called Amma Sports.

6:07and that owns Solomon, it owns Wilson. Oh, wow, okay. So it's not just Lululemon that they've got. So, yeah, the default under Canadian law without a prenup is that anything accumulated during the marriage is split. Why would this not all be split then? It probably will be, but they'll fight it, right? You can always fight, yeah. Right, sorry. So I think I jumped to worst-case scenario here, and I thought, oh, goodness, here we go, another big high-profile case where the woman's going to get totally shafted. But what we don't know is how it will evolve. They've also got children. So no doubt she probably stepped back to help facilitate that and look after the family life while he went on to, you know, being CEO of Lululemon, you definitely need some support.

6:55I bet she stepped back when the designs turned to shit. Yeah. Well, this is on to my next piece. Because I was about to say, yeah, how is it going? I feel like the business was doing badly. Does it still? Yes. They had a result last week. Oh, God. Your face tells me it was dire. It was absolutely dire. The stock fell about 17%. Another 17%. It's down over 40 % this year. It's at an eight-year low. For context, it was trading at about US$500 a share, and it is now at$100 a share. So it is fifth of its price. It's as Vic would say, on its knees. It's on its knees. We have a new CEO coming in, though.

7:37This is Heidi from Nike. This is who Chip didn't want. You say that like I know Heidi. Oh, it's Heidi. Oh, my mate. Do I know Heidi? No. She's a long-term executive at Nike, and she's coming in next week to take over Lululemon as CEO. So there is a lot of excitement about her coming into this role because the brand is literally so lost its way. Like it's, you've got new competitors, you've got, it just, it was so good. And I think it just got a bit lazy at the top, you know? It wasn't spending enough on like research development. No. Like if you look at how much it's spent on marketing versus Nike and Adidas, and Nike and Adidas have been at the top of the game for like decades, right?

8:22And continue to be, yes, they kind of, you know, there's new competitors, but they still have delivered, you know, and been very strong brands for a long time. They spend 10 % to 12 % of revenue on marketing. Lululemon spends about three. Wow, that's so interesting. And once you get into that spiral, you can't afford to spend that much on marketing. Yes. You know, it's like, yeah, the death spiral. Also, it's classic. You know, it's exactly what we've spoken about. She's going into this sinking ship to try and bail out a whole lot of water, and it's already halfway underwater. The glass cliff.

8:53Yes. It's when women are bought in to save the day, and they've had male CEO after male CEO after male CEO. the business is literally sinking and it's like okay let's let's pivot and let's put in a woman they look around for ceos and no guy will put their hand up when companies are in crisis they are significantly more likely to appoint a woman as ceo and when times are good those jobs go to man and it's frustrating because she's got such a tough job if she doesn't do well it's like oh well you know female ceos just they just can't hack it it's like no no you've been given a building that's on fire.

9:28And all the fucking firemen have already tried to put it out, and it's not. It's still absolutely ablaze. It's not good. I think I would say no. I think if I was in a position where I was offered a job later, I would just, I think. But also, if she does turn it around, you'd be hailed as one of the best CEOs. It's not that these women aren't capable. It's the fact that they're pushing shit uphill. It's about the structure of the opportunity is just not in their favor. I also think, you know, to your point of like they didn't spend on marketing and Nike and Adidas spent 10 to 12 % of their revenue.

10:04Like they're so far behind now. If you look at all of the other brands that have popped up, all the private companies, and we've spoken about this before, like Allo, and there's just so many brands like this to choose from. I don't think immediately of Lululemon anymore at all. I have started to see some quite interesting like activations and things. I don't know. I'm kind of, I don't think the brain's dead. I just don't think it's ever probably getting back to where it was, unless it does some serious restructure or sells to a bigger business, buys a different brand, you know, really diversifies in a sense, because there is so much, only so much you can grow with, you know, leggings.

10:43Well, because that was the thing, right? They started going into different, like they did tops and shorts, and they were all really ugly. It was like, go back to OG. I have seen some stuff now, though. I'm like, where are those shorts? Oh, my gosh. No way. Yeah. Oh, who's the designer? Maybe they've got an amazing new designer in. Because that's the thing, right? I think if the product is good, people buy it. I'm so often looking at things and asking randoms where they got something from. Yeah, yeah. It's not just because I've seen an ad that I'll buy something. Yeah, it's quite sad to see that, you know, when a company's doing well, the board doesn't feel the need to appoint a woman.

11:16And when it's burning, it's suddenly like, oh, we need some diversity. We need some diversity. Quick, quick, it's urgent. And it's like, no, no, no, that diversity should have been well ahead of the times. I wonder the pressure of running a massive business like this and what that would put on a marriage. There's just so many relationships in the last few episodes of The Curve Weekly where we've spoken about these billionaires or millionaires that have separated from their long-term wife after selling a business or after a massive streak of being inside like a huge growing business. I guess it'd be really interesting to look at how much stress and pressure and how many relationships survive that.

11:56I think it must be one of the hardest dynamics to come through the other end because you're seeing kind of the worst version of people when they're in this type of high stress environment. A hundred percent. And like I just hate the narratives when I hear headlines of like she took him for half of his wealth. It's like no, no, no. He couldn't have got there without the support. and I know I just used very traditional roles just then but you still see it so much and it's like, no, no, no. What about being the CEO of the family? How much should they have been paying? But I actually don't even think that that – people might be so mad at me for saying this.

12:36I agree with what you're saying. I just don't think that that lands. So I think it's zooming out and finding different examples because if you just say to someone, well, how much does it cost to run a household? How much is daycare? How much is a private chef? How much is organizing? All of that stuff, which is so valuable. And yeah, it would be really expensive if you outsourced it. I think it's bigger than that. It's the emotional toll of being in a relationship with somebody that is arguably the most stressed, probably worst version of themselves. I wonder how many relationships survive that level of business pressure.

13:10And I mean, like, I don't know about you, but after a 14 hour day, I don't come home feeling that sexy. Jeff Bezos, Bill Gates, there's been a lot of divorces. Also money does strange things to you when you've got billions and billions. Well, I just think the biggest thing that a lot of these billionaires get wrong is knowing when to stop. I think that you do not need, no one needs that much money. Most of the CEOs that we speak about on this podcast don't need the amount of money that they have. and you do need to have an end goal, whether it's how much you need to retire, whatever it is. There's got to be some kind of weird switch in people that are billionaires that they don't know when to stop.

13:51Or that money just becomes irrelevant. There's no concept of it. Do you know what I mean? Yeah, and I just think the addiction to being that stressed and that busy. But why do we say that they're stressed and busy? Because you just can't tell me someone that's running a business that's down 40 % this year is not like probably shitting themselves in their sleep. Like I just don't see how anyone could deal with that kind of stress. But these people, like the Apple CEO, the, you know, they have assistants. They have, yes, there is accountability and pressure, but. They have money outsourced. They've got, yeah, these are big, big businesses.

14:29They're getting paid millions, you know, I think. I guess I just can't imagine it. I think what we had. You'd still be running around answering emails. No, but what we have is the stress without the money. So it's like it's really hard to imagine. Yeah. And I'm not saying the stress of running the curve is anywhere near like any of these businesses. But it's more just like – but knowing how stressful it is with just like five people or ten people in a team, I can't imagine dealing with this. I think it's more the conversations that you'd come home to of like I have just had to – Fire 50 people.

15:015 ,000 or have a massive restructure or that our share price is down 40 % and we are now getting approached to be taken over by Nike or something. We're in a position where we're so vulnerable. How do we get out of it to someone else that hasn't been… Intense work. Yeah, who hasn't been in really intense work or doesn't do something as, quote unquote, what they think is as important. Do you mean like the vacuum cleaner broke? Yeah, exactly. It ruined the clay versus firing 50 ,000 people. Yeah. Yeah. That dynamic would be quite. It'd be so weird. It'd be so weird. But there's, yeah. Oh, my God.

15:38This is such a contendious topic. Yeah, I know. I think we should move on to the next conversation. Way more calming. Because it's calming. It's exciting. It's my favorite drink ever. Yes. What are we talking about after the break, Vic? We are talking about Kendall Jenner's new business venture. Can't believe you're giving nothing away. Okay, we've got a quick word from today's sponsor, and then we'll be back with that story. I used to avoid looking at thinking about anything to do with my KiwiSaver account because I just assumed that it would be confusing. But it's actually just so much more simple than anyone thinks, especially when you get to talk to a real person.

16:12Generate has advisors across New Zealand who can help you understand KiwiSaver and whether you're in the right fund for your goals. Honestly, there aren't very many 45 minute conversations that could be this valuable in the long run. So if you would like to book a no-cost KiwiSaver advice session with a Generate advisor, you can go to the podcast show notes. And thank you so much to Generate for making this episode possible. Kendall Jenner. Would we say she's our favorite of the Jenner family? She's for sure mine. I mean, she's dating Jacob Elordi. I mean, could she? Yeah, she's my favorite. I reckon the end game.

16:47Yeah, I actually agree. I actually totally agree with you. But when I see all these photos popping up, I can't tell if it's AI or real. it's real it's real i do think they look because she's so beautiful that it's and he's so beautiful it's like must be ai but she's had this massive you know when she's talked publicly she's done a podcast with jay shetty and you can tell she's had a real uh i don't want to say spiritual awakening but she's she's i would say she seems the most grounded probably yeah in a way and then i've seen lots of videos of jake i've already been harassed by media and he seems so genuine and he's like, please leave me till I just be a normal person.

17:25I wonder if they've just got this quite normal, lovely relationship where they're both just twinging out a tens. Do you think they look at each other and go, damn. God, we're hot. We're so hot. I think you would have to. Anyway, she has bought a steak in Trip. Now, some people who don't live in the UK might not know what Trip is. Guys, Trip is my favorite non-alcoholic drink. It is a British calming drinks brand, and it's in this little pastel can. and you can get orange you can get purple you can get yellow you can get pink there's lots of different flavors yeah and it started as a cbd drink actually and i've actually still thought it is so i've never bought it i think it's a cbd drink is it not so no that make the cbd now makes up less than three percent of their revenue and they've they've moved into like magnesium infused sparkling water and like all these like to relieve stress and calm so they've kind of branched out a bit but they did start with their cbd i mean i love the cbd drugs i buy them all the time as someone that doesn't love alcohol this has been such a good alternative for me and i've noticed it's starting to be stocked in random pubs yeah which i actually thought this must be getting huge because the fact that it's not just an acute little organic grocer to me says it's becoming so much more mainstream but interestingly she's already got 818 tequila and now she's got trip but she also did 818 when she was a party girl a party girl and i think she's had this big sort of rebrand and she's now so it'll be interesting to see if she really cares that much about her 818 anymore i mean i do me like is the top customer uh notoriously bought 11 bottles in one go accidentally the only when i was doing the research and it's like 818 tequila which did 25 million in sales last year i'm like i was 20 of those no it's a great tequila yes but and trip's also a great drink but i think to be honest 818 and trip together would be a really good combo maybe there's maybe they'll do that yeah maybe there's a collab coming i mean we've spoken about how ambassadors and influencers and celebrities like instead of just pushing a product they're now buying equity so that when they do push the product it generates more sales more profits they benefit and it's a great strategy i mean christian has been doing it for all her kids for many many years now um oh my god have you seen the alex earl i haven't seen it yet but it is my holiday watch so the dad everyone's like chris jenner watch out like the dad who manages alex earl and your sister and like he's so funny anyway he's a new character i didn't know about he's the dad dadager dadager yeah i mean kylie jenner she's got kylie cosmetics kim's got skims courtney's got lemmy i mean they're all genius aren't they they're such clever business people but also the whole wellness space i mean we literally spoke only a few weeks ago how alex Earl Borden to Symbiotica.

20:14That's in the wellness space. We've now got this with Kendall Jenner buying a steak in Trip. Can I ask, has she actually bought a steak, or do you think that it's in exchange for marketing? Did she put money out there? Or is it not public? That was the headline. It's not a public company, so we don't know. Because I'd be interested to know. It's a combination of both. Look, this is what I would normally charge to push the product, like market the product. I'm happy to discount that and only put an X amount and do X amount of deliverables. There'd be a whole agreement and contracts for two years, three years, whatever.

20:49I just had a thought. She's American. This is a British brand. Maybe they're expanding to America. Great US ambassador to get on board. This trip was founded by a husband and wife, wasn't it? Yeah. Only like six years ago, 2019. To get that big in that amount of time when there's so many drink companies, is quite impressive. And it's done£70 million in revenue last year. I honestly was thinking about this the other day. It blows my mind there's this many people creating drink brands when it's such a small margin you make. You have to sell so many. And Rosie Huntington-Whitley has also invested.

21:27And Joe Jonas have also invested. In Trip. Yeah. Holy shit, that's a stellar lineup. Yeah. I mean, there's just this wellness category. Like we talked about, you know, So athleisure, obviously Lululemon's not doing well, but you've got so many other brands like Aloe, et cetera, that are flying off the shelves. That's kind of like the active wear segment of the wellness. You've now got the supplements with symbiotic. You've got the drinks. People are drinking less. The numbers of this whole sober curious movement and Gen Zs is crazy. The UK saw a 20-year low in alcohol consumption among 16 to 24-year-olds.

22:03People don't want to drink anymore they don't want to be wasted on the weekend they want to de-stress they want to calm themselves i mean i still want to drink 818 tequila but we've also seen that reflected in share prices of of alcohol businesses like it's and look there's alcohol businesses that have pivoted really well and you know spirits will survive longer but it's the wine it's the beer It's the really unhealthy, carb-heavy. Oh, this is a really interesting point there. It's the things that are difficult to unwind into something else. You can't go and say we've got sugar-free wine or we've got carb-free beer.

22:44I mean, maybe you can, but it's not going to be the same. And it's those businesses that can't innovate fast enough that will get left behind. Yeah, 100%. This is honestly now one of the fastest growing industries, and I'm definitely looking at how we can get more exposure to it in the Curve Fund. It'd be so cool if we can invest in private companies. I know. One day. Because, like, for example, you invest in Almighty, which is, like, one of our favorite New Zealand non-alcoholic drink brands. It's so delicious. Yeah. If we could get access to them, put that in the fund, that would be so cool.

23:14Yes. Yeah. No, it would be. Do you think it's worth just giving a little nod slash, like, holy shit. They are so much more clever than they get credit for. The Kardashians. The entire Kardashian-Jenner clan. they've been so ridiculed as this like sort of bimbo influence that they have absolutely created billion dollar empires across all their kids it's so impressive and I do really like the celebrities that are doing this because you know there's going to be a day when you you can't act you can't model you can't you know like your career as you know or you you can't sing or you're not the hot new artists that people want to listen to and so diversifying your brand and building the wealth you know for for the next generation and all of that is like such a great way to think and I think we can all do it in our own sense you know it's like how do we diversify our revenue or our wealth and also future-proof your wealth I think that sometimes people panic when they think oh, well, I can't diversify into the point of like, I've got a full-time job.

24:21I don't have time to go and have three other streams of income. But I think probably a more zoomed out approach of thinking about this or learning from this is, you know, in the same way, if you were a sports person, you know, that career is not going to last forever. I mean, I know when I was in radio, I felt like this. I could sort of see that the industry in general was shifting and changing, and it felt quite high risk to be putting all my skills and energy into that. Look at where you are in terms of your career? Are you in an industry or an area that's growing? Like I need to eat my own words, to be honest, because I get paid by the curve.

24:54My money's in the curve fund and my wealth's in the curve business. Yeah, me too. I'm like completely. I'm the most undiversified person you've ever seen. So maybe from the last week's episode when you mentioned about, you know, the childcare, maybe there is. Should we do a little offshoot? Little Curves. Little Curves. Little Curves. It's a community childcare program. Yeah, yeah, yeah. We're kind of on to something. Yeah, and you invest at the same time as you pay for the childcare or like half your money. Childcare's free, but you have to invest in the care fund. Oh, love that. There's so many legalities in that.

25:25Yeah, yeah, yeah. We're joking, everyone. We're joking. Although, like, if you don't want to invest, I don't know. Yes, but the Kendall, Jenna, Kardashian clan, absolutely killing it. I mean, the OG was 50 cent when he invested in vitamin water. Do you remember that? Oh, yes. So do you remember vitamin water was that? They were also the sort of almost first product placement in shows. I remember I was re-watching Gossip Girl for the 150th time of the day. I feel like you would know that word for word now. I kind of do. And Jeannie was at the white party going up and ordering, and she was like, hi, I'll have a rescue, please.

26:01And she, like, picks up her vitamin water. I was like, oh, my God. Yeah, yeah. How did I not pick up on this at the time or the other times I've watched this show? That's crazy. So he was doing this from, like, forever ago. And Michael Jordan with Nike. I mean, he is. Oh, is he an investor? Well, the Air Jordan, the shoe, he was the first celebrity to get a cut of revenue of a product with his name on it. And his mum fought for that. It's like quite an incredible story. Was Yeezy and Kanye West the same? Adidas. Yeah. Yeah. That all fell out. Yeah. I mean, George Clooney, he's got Casamigos, another tequila I love.

26:37Honestly, there's so many celebrities. That's blocking up the whole tequila industry. There's so many celebrities that are doing this and it's so genius. There's a positive within the story. And it's interesting because I asked for feedback from people that listened to the podcast a couple of weeks ago. And thank you to everyone that gave feedback. It's just so helpful to be able to iterate the content and make sure that we're delivering what you want to hear. But someone said, you know, I don't want to listen to celebrity news. And I was like, oh, it's really interesting to hear that because obviously that was one person.

27:08But what I think this is doing is it's positioning the stock market business investing into mainstream, like, front of mind. Yeah. For a lot of people who are not interested in transport businesses or airline businesses or all these companies that are kind of boring. It shows how it's all weaved together. Well, it also just, it makes it, it kind of makes it feel a bit cooler to invest. And relatable. And relatable. I mean, we're not celebrities, but, you know. No, no, but I just mean all these famous people are investing in businesses. Yes, they're private, so that's different to the stock market, but the general idea is the same.

27:44They're trying to buy a stake in a business because they want to get a return from businesses they believe in, use. It's the exact same thing as investing in public companies. I think it builds trust. If I see Trip now being promoted by Kendall Jenner, I'm like, well, she's got a vested interest. It's not just she's just pushing the product to get paid. I know she's still getting return out of it, but it's like it seems more genuine because she's you don't just invest in businesses that you don't believe in yeah and also so publicly yeah it's like it's such a huge risk for her if she's going out and talking about it yeah like yeah totally agree go candle go candle big fan okay we've got a community question that we're gonna answer it's quite a good one actually so she said a few years ago based on what you guys said on the podcast i reset where my retirement money is so i am currently 44, the split that I've put my money in is 89 % growth and 11 % equity.

28:38Over the past year, it's done poorly. So 3.1 % to 3.5 % return. Lots of scary ghost faces. Obviously, that's not keeping up with inflation. I'm thinking of moving to an active growth fund, which is not an actively managed fund, but has very low fees and excellent results. It's not been set up for very long, like less than five years how important is the long-term results or track record fund that's a very good question yeah god she's very informed yes look i would say three percent for a growth fund is not ideal we know we've spoken on the podcast many times about how like long term the stock market's done about 10 returns so anything near that is kind of what you should be getting and yes there'll be years it's you know up 20 and there'll be years and it might be down two but like to have that over the long run is pretty low i would say long-term performance is important but if someone's not delivering over the long term you should move perhaps what you're looking at this new fund could be good it could be but also generally the overarching ginormous red flag here is that if you are in a growth fund and it's returning yeah not even four percent that's not keeping up anywhere near what the market's doing.

29:56So you could just be in a totally passive one where you're not paying any fees and be doing better. And it's like, do I want to take the risk that this new fund's going to do better or do I want to stick around and get 3 %? That's kind of how you should be thinking. I think maybe the second part of this question that is worth answering is something has been around for less than five years. The reason she's obviously bringing that up is because we talk about you want to look at a long track record. Ideally, you want someone to have performed really well or got good returns over a long period because that shows it's not just like one really good year that they've had.

30:26To be honest, I would have said five years is not that short. Like it's not ages. I would look at like if they've got three years, but just never look at the one month, one year. Like it's so easy to do well in a short period. And we are long-term investors. So therefore the longest period you can find is what you should be looking for. I'm not going to mention my holiday again because I think that I've been the most annoying bitch in the world, but I am going on holiday. In case you missed it, I'm going to be a group. We're really excited for you to bring back a lot of facts on the Greek economy.

30:56Yeah, don't you worry. I'll be researching the whole time. Thank you. While I'm lying on a boat, I will be tanning and just researching, you know. Nice. Work, work, work. Work, work. No, we've got our last episode coming out this Friday. It's a property episode from the Property Podcast. And then we're doing a throwback for the next two weeks on our OG Vintage Curve episodes for anyone that's new to investing and wants to go back and learn the basics. So we will see you at the start of October. Back to regular programming. But yes, thanks so much for listening and we'll be back soon. See you. Thank you so much for listening to The Curve Weekly.

31:27Make sure you hit subscribe or follow wherever you're listening so you're always up to date with the latest finance and investing news. And feel free to leave a comment to let us know what you thought about this episode because we would love your feedback. We've got new Curve Weekly episodes for you to listen to every Monday. But until then, listen to Erasing the Curve. These are our in-depth podcast episodes where we chat about all things money. We're also around all week on socials if you're hungry for more Curve content and all the links are in this podcast show notes. We hope you have a great week and we'll catch you for the next episode of The Curve Weekly on Monday.

32:03Okay, quickly, The Curve was created to empower and educate you about investing, but we are not financial advisors. Our platform exists for educational purposes only and it doesn't provide personalized investing advice for your individual needs and should not be relied upon to make an investment or financial decision. and always remember to do your own research before making any investment or financial decision we're here for any knowledge and support you need but the final call is always yours and thanks for being here you got this yeah we know you got this